Q409
A consumer will be maximising his utility if he allocated his money income so that
A.
Elasticity of demand is the same for all purchased products
B.
The marginal utility from the last rupee spent on each purchased product is the same
AnswerC.
The marginal utility of the last unit of each product consumed is equal
D.
Total utility gained from each product consumed is the same
Answer: Option B
Solution
Answer: Option B
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